Global Carbon Black Market Analysis to 2030 - Featuring Birla Carbon, Jiangxi Black Cat Carbon Black, Cabot and Tokai Carbon Among Others - ResearchAndMarkets.com
Retrieved on:
Wednesday, September 21, 2022
The global carbon black demand stood at 16.42 Million Tonnes in 2020 and is forecast to reach 27.21 Million Tonnes by 2030, growing at a healthy CAGR of 4.82% until 2030.
Key Points:
- The global carbon black demand stood at 16.42 Million Tonnes in 2020 and is forecast to reach 27.21 Million Tonnes by 2030, growing at a healthy CAGR of 4.82% until 2030.
- Some of the major players operating in the global Carbon Black market are Birla Carbon, Jiangxi Black Cat Carbon Black Inc. Ltd., Cabot Corporation, Tokai Carbon Co. Ltd, OCI Company Ltd., Bridgestone Corporation, Himadri Chemicals & Industries Limited, Orion Engineered Carbons, Shandong Huadong Rubber Materials, Phillips Carbon Black Ltd., and others.
- This has caused shortage of raw material following lockdowns and trade restrictions thereby causing the huge slump in overall Carbon Black market across the nations.
- Hence, a marginal year-on-year decline in the overall Carbon Black demand has been observed in 2020 as a result of COVID-19 crisis.